Itron will supply more than 400,000 gas smart payment meters as part
of the second phase of a nationwide project
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
Itron, Inc. (NASDAQ: ITRI) announced today it will provide more than
400,000 gas smart payment meters to SOCAR "Azeri Gas" Production Union
(PU), a part of the State Oil Company of Azerbaijan (SOCAR). The new
meter deployment follows a previous project that included installing
250,000 smart payment meters in the capital city of Baku. This marks the
start of the second phase of the project, which will cover the remainder
of the country. The roll-out plan gives Azerbaijan Republic the
opportunity to capitalize on the benefits of smart payment technology
throughout the entire country.
Meter deployment is underway and will be completed in February 2013.
With Itron's smart payment meters rolling out across Azerbaijan,
consumers will benefit from the convenience of recharging their payment
cards at several points of sales located throughout the country,
including self-service terminals. With increased availability and simple
access, consumers will be better equipped to effectively manage their
gas consumption.
"We constantly strive to streamline our operations and offer the best
service to our customers; Itron's technology helps us achieve both
goals," said Mr. Akbar Hajiyev, managing director, SOCAR "Azerigas" PU.
"Selecting Itron for our phase-two deployment was based on the success
of our phase-one project. After rolling out 250,000 meters in 2010, we
know that Itron's solution can scale up to meet our needs nationwide."
"We are dedicated to continuing our long-term partnership with SOCAR
"Azeri Gas" PU," said Muness Charara, Itron regional manager, Middle
East Energy. "We've delivered gas smart payment meters to Azerbaijan
since early 2010, and we believe the service and support we've provided
will now help us build a strong gas smart payment metering platform in
the Caspian region of Central Asia."
About Itron
Itron is the leading provider of energy and water resource management
solutions for nearly 8,000 utilities around the world. We offer
end-to-end solutions that include electricity, gas, water and thermal
energy measurement and control technology; communications systems;
software; and professional services. With nearly 9,000 employees doing
business in more than 130 countries, Itron empowers utilities to
responsibly and efficiently manage energy and water resources. To
realize a sustainable future, start here: www.itron.com.
About SOCAR
The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in
exploring oil and gas fields, producing, processing, and transporting
oil, gas, and gas condensate, marketing petroleum and petrochemical
products in domestic and international markets, and supplying natural
gas to industry and the public in Azerbaijan. Three production
divisions, two oil refineries and one gas processing plant, an oil
tanker fleet, a deep water platform fabrication yard, two trusts, one
institution, and 22 subdivisions are operating as corporate entities
under SOCAR. Joint ventures (including ventures in Georgia and Turkey),
consortia, and operating companies established with SOCAR's
participation, are doing business in different parts of the petroleum
industry. SOCAR has representative offices in Georgia, Turkey, Romania,
Austria, Switzerland, Kazakhstan, Great Britain, Germany and Ukraine and
trading companies in Switzerland, Singapore, UAE and other countries.
SOCAR "Azerigaz" Production Union transmits,
distributes, and markets natural gas in the Republic of Azerbaijan. The
syndicate also transports SOCAR gas to the Islamic Republic of Iran,
Georgia, and the Russian Federation.
Itron, Inc.
Lynn Collins, +33 5 49 62 70 46
Marketing &
Communications, EMEA
lynn.collins@itron.com
or
Sharelynn
Moore, 509-891-3524
Vice President, Corporate Communications
sharelynn.moore@itron.com
or
Barbara
Doyle, +1 509-891-3443
Vice President, Investor Relations
barbara.doyle@itron.com
Source: Itron, Inc.
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